Financial year ending December 31, 2016
This statement is made pursuant to s.54 of the Modern Slavery Act 2015 and sets out the steps that Javelin Global Commodities Holdings LLP and its subsidiaries (“Javelin”) has taken and is continuing to take to ensure that modern slavery or human trafficking is not taking place within our business or supply chain. Javelin fully supports the aims of the Act and is committed to tackling slavery and human trafficking.
Modern slavery encompasses slavery, servitude, human trafficking and forced labour. Javelin has a zero tolerance approach to any form of modern slavery. We are committed to acting ethically and with integrity and transparency in all business dealings and to putting effective systems and controls in place to safeguard against any form of modern slavery taking place within the business or our supply chain.
Our business and stakeholders
Javelin was founded in 2015 as a joint venture between Murray Energy Corporation (“Murray Energy”), one of the largest coal producers in the United States, Uniper (formerly E.ON SE), one of the largest investor owned power and gas companies in Europe, and a management team consisting of industry leading marketing, trading and operations professionals. Each of these three key stakeholders is committed strict ethical standards, including as to the protection of human rights.
Javelin is an intermediary in the commodity supply chain. It is not directly involved in any extractive or industrial practices itself. None of its employees are at risk of slavery or human trafficking.
Over 85% of the commodities purchased by Javelin are sourced in the US, a low risk territory for slavery and human trafficking. Javelin’s primary supplier in the US is Murray Energy who adhere strictly to the highest standards of employment practices, and are engaged in the Bettercoal process with the intention of becoming a Bettercoal approved supplier.
Of our commodities sourced outside of the US, the majority are purchased from the non-US operations of Murray Energy, who operate a coal mine in Colombia. The mine was previously owned by Goldman Sachs and is the subject of strict compliance policies and procedures.
Other sources of commodities are located in the UK and Russia, where we deal with established and reputable international suppliers who demonstrate a strong commitment to corporate social responsibility, including the publication of CSR reports.
Furthermore, all suppliers are expected to acknowledge Javelin’s ethical standards and we routinely include contractual clauses to this effect.
We operate a number of internal policies to ensure that we are conducting business in an ethical and transparent manner. These include:
We conduct training for our procurement team so that they understand the signs on modern slavery and what to do if they suspect that it is taking place within our supply chain.
We are committed to continually reviewing our policies and procedures to ensure that we are doing all that we can to operate free from enforced labour, human trafficking and slavery.
Javelin Global Commodities Holdings LLP:
This statement has been approved by the Javelin Global Commodities Holding LLP board of directors and is made pursuant to the requirements of section 54, part 6 of the Modern Slavery Act 2015 for the financial year ending December 31, 2016. This statement applies to all subsidiaries of Javelin Global Commodities Holding LLP that are required to have a slavery and human trafficking statement.